State of Wisconsin Investment Board grew its position in shares of Neogen Corporation (NASDAQ:NEOG) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,553 shares of the company’s stock after buying an additional 11,453 shares during the period. State of Wisconsin Investment Board owned approximately 0.16% of Neogen Corporation worth $4,613,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Neogen Corporation during the 2nd quarter worth $154,000. Riverhead Capital Management LLC increased its position in Neogen Corporation by 91.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the company’s stock worth $159,000 after buying an additional 1,097 shares during the period. Parametrica Management Ltd bought a new position in Neogen Corporation during the 3rd quarter worth $202,000. Victory Capital Management Inc. increased its position in Neogen Corporation by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,989 shares of the company’s stock worth $207,000 after buying an additional 446 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Neogen Corporation during the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.
Neogen Corporation (NEOG) opened at $81.71 on Tuesday. The firm has a market capitalization of $3,070.67, a price-to-earnings ratio of 67.55, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. Neogen Corporation has a 12-month low of $59.51 and a 12-month high of $82.75.
Neogen Corporation (NASDAQ:NEOG) last released its earnings results on Tuesday, September 19th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $94.87 million. Neogen Corporation had a return on equity of 9.93% and a net margin of 12.28%. Neogen Corporation’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. equities analysts expect that Neogen Corporation will post 1.31 earnings per share for the current year.
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In other news, VP Edward Bradley sold 17,824 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $80.32, for a total transaction of $1,431,623.68. Following the sale, the vice president now directly owns 27,212 shares of the company’s stock, valued at approximately $2,185,667.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James L. Herbert sold 10,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $77.06, for a total value of $770,600.00. Following the sale, the insider now directly owns 879,212 shares in the company, valued at $67,752,076.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,034 shares of company stock worth $14,717,645. 4.20% of the stock is currently owned by insiders.
Several research firms have weighed in on NEOG. Zacks Investment Research cut Neogen Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub cut Neogen Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th.
Neogen Corporation Profile
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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